Innoviva Inc (NASDAQ: INVA) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.97 versus a loss $-0.98 for the same period a year ago. This result exceeded the consensus estimate of $0.23 by $0.74. E.P.S. were $2.75 for the latest four quarters through December 31 versus $3.07 for the same period a year ago — a decline of -10%.
Recent Price Action
On 2/29/24, Innoviva Inc (NASDAQ: INVA) stock declined slightly by -0.5%, closing at $15.28. Trading volume in this decline was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, INVA is expected to be Value Creation neutral.
Innoviva has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Innoviva has a slightly negative Appreciation Score of 36 but a good Power Rating of 81, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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